Entrepreneurship, Rationality, and Time
As Weber sees markets as the ‘archetype of all rational social action’, rational social action requires tools of calculation like those used in well-developed and modern methods of accounting. Direct social relations influence time orientations the same way they do market transactions, specifically in lifework entrepreneurship. In contrast, social relations become disembedded in project entrepreneurship, and revolve around ‘programmed time’. This chapter examines whether the differences between project and lifework entrepreneurship can be related to the post-industrial era of the UK and the industrial era of Japan. Policies on innovation and entrepreneurship in the UK and Japan are influenced by the USA and this is evident in the successes of Silicon Valley.
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